Oil marketing companies in India have announced the latest petrol and diesel prices for Tuesday, July 2, 2024. The prices, which were last adjusted in March 2024 following a central government tax reduction, have largely remained unchanged since then. This stability comes despite fluctuations in international crude oil prices, which directly impact fuel costs in the country.
Factors influencing the prices include international crude oil rates, the exchange rate between the Indian rupee and US dollar, taxes imposed by central and state governments, refining costs, and demand fluctuations. Despite these variables, consumers have seen stable prices since earlier reductions in fuel taxes.
For those seeking real-time updates on the oil prices, oil marketing companies like Hindustan Petroleum Corporation, Indian Oil Corporation, and Bharat Petroleum Corporation provide information on their websites. Additionally, customers can use SMS services provided by these companies to receive updates on fuel prices in their respective cities.
